The Pension Transitional Arrangement Directorate (PTAD) on Wednesday informed that payment of the consequential adjustment to the pensioners under the Defined Benefit Scheme (DBS), has commenced.
According to the Executive Secretary, Dr. Chioma Ejikeme, this is in fulfilment of PTAD’s promise made last month reinforcing President Muhammadu Buhari’s approval for the implementation of the consequential adjustment to the pension benefits occasioned by the new minimum wage increase of 2019.
She promised in April while addressing the media that the upward adjustment of Pensioner’s benefit will take effect from May 2021.
Consequently, Pensioners in the four operational departments of the Directorate namely: Civil Service Pension Department (CSPD), Parastatals Pension Department (PaPD), Police Pension Department (PPD), and Customs, Immigration and Prisons Pension Department (CIPPD), have begun to receive their accrued arrears.
While reacting to the messages of gratitude received from some pensioners, the Executive Secretary assured them of PTAD’s commitment to the welfare of the DBS Pensioners.
Dr. Ejikeme, however cautioned them to beware of pension fraudsters who call pensioners pretending to be staff of PTAD, reminding them that no staff of the Directorate will request for gratification before processing their pension payment.
The PTAD boss further urged the pensioners to report such phone calls and other activities of the scammers to PTAD for adequate investigations and possible prosecution.